Kontrax vs. Fratera

Create a new contract by completing a simple form that allows you to assign a supplier, choose a category, and establish a deadline. You also have the option to add custom fields for effective tracking of each contract. Effortlessly manage related documents by dragging and dropping them into your workflow for improved organization. It’s crucial that team members have access to these contracts, bringing all essential information into a single, accessible location. An automatic scheduling system will manage renewal and termination deadlines, sending alerts to the relevant stakeholders. Your team will have the ability to view a remote dashboard that provides an overview of all ongoing contract activities, including work logs, approval requests, future deadlines, and required amendments, thus promoting enhanced collaboration and efficiency. This unified system not only simplifies contract management but also fosters better communication among team members, leading to a more cohesive workflow. By integrating these features, the process becomes more transparent, ensuring everyone stays informed and engaged.

Fratera connects contracts, suppliers and procurement workflows in one platform for small and growing teams. From recording an agreement to reviewing a supplier or collecting signatures, it keeps the documents, decisions and people involved together. Manage the full contract journey Store contracts and supporting files in a searchable repository. Track renewal dates and notice deadlines, route approvals through delegation-of-authority rules, and collect electronic signatures. Signed documents stay with the contract record, alongside its history and responsible people. Understand the supplier relationship Bring together each supplier’s contracts, commitments, contacts, legal entities, risks, issues and quarterly business reviews. Negotiation tools help teams establish a baseline, compare successive offers and turn agreed items into a draft contract. Build workflows around your business Create reusable forms, questionnaires, conditional steps, approvals and record updates. Assign tasks to individuals or work groups and invite external suppliers to respond. Request missing information from colleagues without giving them access to the underlying contract records. My Work brings outstanding actions into one place. Use AI with human oversight Extract contract details for review and ask questions about records or contract terms, with references to source documents. Review proposed changes before they become part of your records. Keep control of your data Each customer has an isolated database, with regional hosting and granular access controls. Configurable fields, sections and dropdowns adapt the workspace to your organisation. Reports and recorded activity support renewal planning, supplier discussions and traceable decisions. Readers, approvers and signers are unlimited and free, allowing wider participation beyond the core procurement team.